COMPANY REGISTRATION NO: N1032598 Charity registered number: NIC100257 PORTGLENONE ENTERPRISE GROUP LIMITED (Private company limited by guarantee wlthout share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Tony Clarke 53 Andersonstown Road Belfast BTII 9AG
PORTGLENONE ENTERPRISE GROUP LIMITED CONTENTS PAGE Reference and administrative details of the charity, its trustees and advisers Annual Report of the Trustees Independent Examiner Report Statement of Fi nancial Activities 10 Balance Sheet 11-12 Notes to the Financial Statements 13-20
PORTGLENONE ENTERPRISE GROUP LIMITED IPrivate company limited by guarantee without share capital) TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Trustees, Annual Report (Incorporating the Dlrector's Report) STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is controlled by its governing document, a Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The company was incorporated on 25 June 1997 and registered with the Charity Commission for Northern Ireland on 5 August 2015. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number N1032598 Reglstered Charity number NIC100257 Reglstered offlce 61 Main Street Portglenone Co. Antrim N. Ireland BT44 8HP CHAIRPERSON Norman Worthington TRUSTEES Kieran Adams Paula Byrne Damien Clarke Anne Bell Jim Gaul Martin Kearney Norman Worthington INDEPENDENT EXAMINER Tony Clarke 53 Andersontown Road Belfast BTII 9AG
PORTGLENONE ENTERPRISE GROUP LIMITED (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Trustees, Annual Report {Incorporatln8 the Director's Report) The Trustees present their annual report together with the financial statements of the company for the 01 July 2022 to 30 June 2023. The Trustees confirm that the Annual Report and financial statements of the company comply with the current statutory requirements, the requirements of the company's governing document and the provisions of the Statement of Recommended Practices {SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (effective l January 20151 as amended by Update Bulletin l (effective l January 20151. Since the company qualifies as small under section 383, the strategic report required of medium and large companies under The Companies Act 2016 (Strategic Report and Director's Report) Regulations 2013 is not required. Structure, Governance and Trustees Portglenone Enterprise Group Ltd which is registered as a charity with the Charity Commission for Northern Ireland, was incorporated as a company limited by guarantee in Northern Ireland, registration number N1032598, with the objective of undertaking charitable activities for the benefit of the inhabitants of Northern Ireland. Our Vlslon A friendly, resilient, involved community who share their sense of belon8in8. Misslon Statement Portglenone Enterprise Group IPEGI facilitates community involvernent through a wide range of activities, advice and support. What our organlsatlon does Promotes education and vocational training, relieves poverty, provides recreation and leisure facilities, improves the condition of life. Preserves, conserves and improves Portglenone. Supports other charities in the area with advice, training and assistance. Employees: PEG Community Development Worker part time l Finance Officer part time l Unity in The Community Project Worker part time: Funded by National Lottery Community Fund I x cleaner Access to a support worker throuRh Bann Maine West Volunteers Roles: Currently 42 on our register from previous years less have been engaged due to Covid -19 Volunteers have a high input into all our projects ensuring they run efficiently and effectively. We have 2 new voluntary placements in The Bank, Michello and Mary at reception. Projects thls year have Included - Peg property Ltd, Glenone Business Park, The Bank Building, Community Association, Portglenone Gardening Club, CHIP, Line Dancing, History & Heritage, Village Enhancement. Unity in The Community
PORTGLENONE ENTERPRISE GROUP LIMITED (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Trustees, Annual Report (Incorporating the Director's Report) PEG Property Ltd Units occupied by- Psychotherapy Services, Health Connects, Iron Bark , Hair by Gernma, 3 Units currently vacant at Market House. Bank Units 6 available. Glenone Business Park (Riverslde Community Enterprises RCE) NIC102835 Nine units let to C Doherty Accountants (2 units), Colourworld, Desire Beauty, Bridge of Hope, My Methodical, Pinkx Fitness, G & K Contracts Itd. and Ursula's Hair Salon. Communlty Assoclatlon P.E.G. rnanages the Mid and East Antrim Borough Council Community Centre. Activities generally incl ude {but have been restricted d ue to covidl. Indoor Bowling, Outdoor Bowling, Play Group, Irish Dancing, The Monday Club, Summer Scheme, Senior Citizens Art and Craft Class, Bannside Stitchers, History & Heritage Group, Big Splash Activities, Training Sessions, Birthday Parties. Vllla8e Enhancement PEG has continued to work with the local council on the development of outdoor recreational facilities e.g., MUGA pitch and walkways. The first walk to be developed is in Bracknamuckley wood, they hope to have work completed by March 2024. Portglenone Gardenlng Club- operated followlng covld guldellnes This group spends 3 weeks at the monastery site and the fourth week at the marina site tidying/planting. We have planted and grown our own flowers & vegetables which participants bring home to use. Street planters and basket watering was carried out by volunteers. Portglenone Pollinator Plan- we are working closely with Mid and East Antrim Borough Council IMEABC) at improving biodiversity and enhancing the village by developing and managing various wildflower areas. Sumrner Scheme It ran for 3 week5 in July/August, this created part time employment and a volunteering opportunity, it caters for approx. 200 young people, from 5-16 years. We provide trips, indoor and outdoor activities, such as canoeing, volleyball, arts and crafts etc. Funded through Education Authority N5 IEANII, Children in Need ICINI, and registration fees. Blg Splash A week-long festival in July managed by a voluntary steering group and involving an additional 42 volunteers as well as Community Rescue Service and the Wornen's Institute. Events included- Triathlon, Family Fun Day, Water Activities, Teddy Bears Picnic, Tea Dance, Family Camp Night, Vintage Cavalcade, Exhibitions, History & Heritage Walk, Céiil Ceilidh, Teddy Bears Picnic, A Taste of Portglenone. Funded by Apex, Waterways Ireland and Mid and East Antrim Borough Council.
PORTGLENONE ENTERPRISE GROUP LIMITED (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30JUNE 2023 Trustees, Annual Report {Incorporating the Dlrector's Report) CHIP {Community Helping To Illuminate Portglenone) Christmas 2022- The festival proceeded and the local community participated and enjoyed all organized events. Christmas tree and light switch on by local children. Funded by Mid and East Antrim Borough Council. Unity in the Community Now in its final year of funding from the National Lottery Community Fund {£350,902) is continuing to support, grow and strengthen connections between 9 existing groups and the start-up of 3 new groups coordinated by a project worker based at and managed by PEG. Existing Groups Portglenone Community Workshop & Men's Shed, Bannside Stitchers, The Monday Club, Portglenone Senior Citizens Arts and Crafts Group, Bannside Beekeepers, Portglenone Thursday Seniors Bowling Club, The Arthritis Group, Bannside Eco Buddies decided to close its doors and funding was redistributed to other projects. New Groups Portglenone History & Heritage Group Social Outings Group Social Media Literacv GrouD Portglenone Paddlers This independent and rapidly growing group with a committed team of volunteers continue5 to receive support from PEG where necessary. Portglenone Enterprise Group Facebook/Webslte www.portglenone.net Staff and volunteers have been trained to update the website. Volunteers are kindly dedicating free tirne to uploading current information on to the site and Facebook and have been a real asset to PEG. We aim to keep the local community connected to the activities of PEG, local groups and other support organisations. Website continuously updated. Deflbrlllator Developing training plans for the future. Bank Project The Bank is open daily for the local community and groups. Training and events are held in our state of the art conference room. Some groups such as Portglenone Paddlers ,Bannside stitchers, Writers and Heritage & History hold meetings in the Bank.
PORTGLENONE ENTERPRISE GROUP LIMITED IPrivate company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Trustees, Annual Report (Incorporating the Director's Report) Halloween Event 2022 Halloween Event did not take place due to Covld. PEG was again delighted to work with APEX Housing holding a free Halloween Event for September 2022 Portglenone History & Heritage Group Plans made for September 2022 onwards. Bluebell Festival Mid and East Antrim Borough Council worked in partnership with PEG and planning for April 2023. Support to Other Groups/lndlvlduals Unity in The Community Groups Portglenone Writers Portglenone Paddlers Bann Maine West- 6 local groups form this cluster (contlnued) • BMW have continued to grow and develop, in the past 12 months under the lead of Portglenone Enterprise Group with key projects being as follows:. Lunch & Learn Cornmunity Relations Assistance etworking Through the projects listed above the residents of Portglenone and surrounding rural areas have benefitted by access to increased local knowledge, information and education. They have had the opportunity to engage in activities, red uci ng isolation, increasing social interaction and a strengthened sense of community. There has been access to skills development, participation in and viewi ng of such activities/su rrou nd ings, en riching the lives of inhabitants. Locally there has been access to health information and opportunity to engage in healthy activities. PEG has received support from external organisations to identify the needs of the inhabitants and assistance in attempting to address their needs. We have increased awareness of local heritage and environment and its protection for their health and enjoyment and that of future generations. The businesses using the units have benefitted privately, but this is incidental to the public benefit gained from the community activitie5 carried out above bv Portglenone EnterDrise Grouo.
PORTGLENONE ENTERPRISE GROUP LIMITED (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Trustees, Annual Report (Incorporating the Director's Report) Going Concern After making appropriate enquiries, the trustees have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. Flnanclal Revlew The results for the year ended 30 June 2023 are set out on pages 10 to 12 of the financial statements. The total income for the year ended 30 June 2023 amounted to £247,218 (2022:£260,7411. The total expenditure was £228,67812022:£239,023) The Trustees consider that the unrestricted funds of the charity is sufficient and adequate to fulfil their obligations. The charity held £54,365 in reserves at the year end12022:£52,6421. Reserves Pollcy The income of the Company is considered adequate and the risks associated with any significant reduction in income is regarded as unlikely. The Trustees are satisfied with the current level of reserves at the present time. The Trustees are reviewing the Reserves Policy in the current year.
PORTGLENONE ENTERPRISE GROUP LIMITED (Private company limited by guarantee without Share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023 Trustees, Annual Report (Incorporating the Dlrector's Report) Trustees, responsibilities statement The Trustees (who are also directors of Portglenone Enterprise Group for the purposes of company law) are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard (United Kingdom Generally Accepted Accounting Practice) Company law requires the trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the State of affairs of the charitable company and of the income resources and application of resources, including the income and expenditure of the charitable company for that period. In preparing these financial statements, the Trustees are required to: Select suitable accounting policies and then apply them consistently Observe the methods and principles in the Charities SORP; Make judgments and accounting estimates that are reasonable and prudent; Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transaction and disclose with reasonable accuracy at any time the financial position of the charitable company and the enable them to ensure that the financial statements comply with the Companies Act 2016. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. PEG is a company limited by guarantee by its Memorandum and Articles of Association. Each members liability is limited to an amount not exceeding £1. This report was approved by the Trustees, on ..]-, -.3.y. LoL4-and signed on behalf bv: Kieran Adams Trustee